# Board Of Trustees Iuoe Local 324 Retirement Trust Fund 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-iuoe-local-324-retirement-trust-fund-401k-plan

> Board Of Trustees Iuoe Local 324 Retirement Trust Fund's 401(k) plan: 1,833 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Iuoe Local 324 Retirement Trust Fund

- **Sponsor EIN:** 383685356

- **Sponsor Address:** 700 TOWER DR., SUITE 300, TROY, MI, 48098

- **Plan Type:** 401(k)

- **Total Participants:** 1,833

- **Total Assets:** $70.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,833|$70.3M|$5.0M|$1.3M|

| 2023|1,741|$60.0M|$5.0M|$1.5M|

| 2022|1,743|$48.6M|$4.1M|$1.3M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| LINCOLN NATIONAL CORPORATION|NONE KNOWN|$82,421|—|$82,421|

| PLANTE & MORAN, PLLC|NONE KNOWN|$73,375|—|$73,375|

| NEPC, LLC|NONE KNOWN|$73,200|—|$73,200|

| BENESYS|NONE KNOWN|$52,430|—|$52,430|

| STEFANSKY, HOLLOWAY & NICHOLS, INC.|NONE KNOWN|$30,933|—|$30,933|

| ASHERKELLY|NONE KNOWN|$21,193|—|$21,193|

| WEISMAN, YOUNG & RUEMENAPP, P.C.|NONE KNOWN|$19,357|—|$19,357|

| WATKINS PAWLICK CALATI & PRIFTI PC|NONE KNOWN|$5,056|—|$5,056|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LINCOLN NATIONAL CORPORATION](https://planprovider.pro/provider/lincoln-financial-group) — NONE KNOWN

- [PLANTE & MORAN, PLLC](https://planprovider.pro/provider/plante-and-moran-pllc) — NONE KNOWN

- [NEPC, LLC](https://planprovider.pro/provider/milliman) — NONE KNOWN

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $357,965

- **Estimated Expense Ratio:** 0.509% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$382,203|—|$134,779|$73,375|—|

| 2023|$373,558|—|$154,152|$75,250|—|

| 2022|$358,303|—|$129,158|—|$139,856|

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